We had a Billfolder request to discuss the following longread — and it is a very long but worthwhile read — about the way debt reshapes our lives.
Today’s must-read longread is about the delicate balance between credit card companies, merchants, and consumers.
Matt Taibbi’s Rolling Stone essay takes us through the 2008 financial collapse and the subsequent bailout, providing detail and context that was left out of the narrative ten years ago.
“We couldn’t have done it without Amazon,” Klymit CEO Cory Tholl says, before the article details all of the ways that Amazon is cutting into Klymit’s profits.
At The Baffler, M.H. Miller writes about being “incapacitated by debt for a decade.”
BuzzFeed recently teamed up with Death, Sex & Money to run a series of essays and podcasts under the theme “Opportunity Costs: Money and Class in America.”
This is the flip side of that “we might all get higher wages this year” story.